v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenue $ 1,032 $ 752 $ 2,829 $ 1,963
Costs of revenue:        
Amortization of acquired intangible assets 1 1 4 4
Total costs of revenue 806 601 2,221 1,610
Gross profit 226 151 608 353
Operating expenses:        
Sales and marketing 100 84 299 232
Research and development 87 74 264 203
General and administrative 98 78 276 203
Total operating expenses 285 236 839 638
Loss from operations (59) (85) (231) (285)
Other income (expense):        
Interest income, net 10 3 27 5
Change in fair value of warrant liability 18 (21) (5) 102
Other income (expense), net 0 1 0 (1)
Loss before benefit (provision) for income taxes (31) (102) (209) (179)
Benefit (provision) for income taxes 0 4 (1) 4
Net loss $ (31) $ (98) $ (210) $ (175)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.06) $ (0.19) $ (0.40) $ (0.34)
Diluted (in dollars per share) $ (0.09) $ (0.19) $ (0.40) $ (0.54)
Weighted average shares used in computing net loss per share:        
Basic (in shares) 535,219,532 513,719,867 529,535,807 509,507,937
Diluted (in shares) 536,534,932 513,719,867 529,535,807 510,000,352
Subscription services        
Revenue:        
Total revenue $ 131 $ 90 $ 358 $ 230
Costs of revenue:        
Cost of revenue 43 29 118 81
Financial technology solutions        
Revenue:        
Total revenue 856 628 2,338 1,628
Costs of revenue:        
Cost of revenue 674 494 1,828 1,289
Hardware        
Revenue:        
Total revenue 34 27 106 86
Costs of revenue:        
Cost of revenue 58 52 181 165
Professional services        
Revenue:        
Total revenue 11 7 27 19
Costs of revenue:        
Cost of revenue $ 30 $ 25 $ 90 $ 71